PDA

View Full Version : Oil Prices Rise to Record High Above $125 a Barrel

Pages : [1] 2 3 4
George
May 9th, 2008, 06:54 AM
Oil Prices Rise to Record High Above $125 a Barrel

Friday, May 09, 2008

NEW YORK — Oil prices hit a new record high above $125 Friday as a weaker U.S. dollar drove investments into commodities.

Light, sweet crude for June delivery rose as high as $125.10 a barrel in electronic trading on the New York Mercantile Exchange at midday before $124.94 in Europe. On Thursday, the contract rose to a record close of $123.69 a barrel.

In London, Brent crude contracts also hit record highs before slipping and traded up $1.13 on the day at $123.97 a barrel on the ICE Futures exchange. Earlier Friday, Brent had reached $124.25 before falling back.

http://www.foxnews.com/story/0,2933,354673,00.html
lovinlife4
May 9th, 2008, 07:24 AM
OY!!!!!!!! When will it end! Someone put a cap on this or something, please!!!
isawthelight
May 9th, 2008, 09:38 AM
And it just keeps going up and up!!! And the silence from Washington is deafening!
HSmomto4
May 9th, 2008, 11:02 AM
It popped up to $126.25 this morning, but came back down.
saulteux
May 9th, 2008, 11:29 AM
OY!!!!!!!! When will it end! Someone put a cap on this or something, please!!!

It'll end when the Fed stops creating money out of thin air, and ceases its effort to monetize the debt.

In other words, it won't stop.
RememberTheName
May 9th, 2008, 11:40 AM
So basically, buy a bunch of gas cans, fill 'em up if you can, and don't ever drive. Ever. Take a bike to work? I dunno.

Seriously though, I'm taking a trip in June. Might be cheaper to fly than drive, about now.
icebear
May 9th, 2008, 11:57 AM
i'm kinda hitting the point where its just kinda numb
Southern Lady
May 9th, 2008, 12:03 PM
Bikes sound good. Have you seen what can be carried on the back of a bike?
Look at those news clips of Asians with their bikes and a TV strapped to the back.
HisAlways
May 9th, 2008, 12:09 PM
I watched a horse/buggy the other day in Amish country, and thought how lucky they are.
jds6958
May 9th, 2008, 12:13 PM
I watched a horse/buggy the other day in Amish country, and thought how lucky they are.

They are going to end being the smartest people in the world, while we "progress" ourselves back into the economic stone age.